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040054 KU Banking and Financial Intermediation 1 (MA) (2020W)
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 14.09.2020 09:00 to We 23.09.2020 12:00
- Deregistration possible until Sa 31.10.2020 12:00
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Tuesday 06.10. 09:45 - 13:00 Digital
- Tuesday 13.10. 09:45 - 13:00 Digital
- Tuesday 20.10. 09:45 - 13:00 Digital
- Tuesday 27.10. 09:45 - 13:00 Digital
- Tuesday 03.11. 09:45 - 13:00 Digital
- Tuesday 10.11. 09:45 - 13:00 Digital
- Tuesday 17.11. 09:45 - 13:00 Digital
- Tuesday 24.11. 09:45 - 13:00 Digital
Information
Aims, contents and method of the course
Assessment and permitted materials
The course “Financial Intermediation I” consists of 7 three hour sessions. Sessions consist of lectures, covering both theory and empirics.
What do I expect from you in class
This is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.
Laptop/tablets policy.
You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
What do I expect from you in class
This is an interactive course, where your active participation is required. Attendance is compulsory.
A learning area will be available in the Intranet (Moodle). There, you would find instructions for the sessions, communications, bibliography, etc. Please look at it a couple of times a week. Slides of the sessions will also be posted here, always BEFORE the class.
Laptop/tablets policy.
You are not supposed to use your laptop/tablets during case discussions. You have to be 100% focused in the discussions. You may use your laptops/tablets on the lectures/discussion sessions ONLY for academic purposes, emailing, facebooking, tweeting, chatting, skyping, internet surfing, etc. should NOT be done during classes. Engaging yourself in such activities would penalize strongly your grade on class participation.
Minimum requirements and assessment criteria
Attendance is COMPULSORY. The evaluation will be based on the following items:
50% Mid-term Exam
50% Final Exam
50% Mid-term Exam
50% Final Exam
Examination topics
All lecture materials and paper presentations.
Reading list
The main reading material for the course is contained in:
• Lecture notes
• Freixas, X. and Rochet, J.-C. (2008), Microeconomics of Banking, MIT Press.
• Gorton, G. and Winton, A. (2003), “Financial intermediation”, Handbook of the Economics of Finance, Vol. 1, 431–552.
• Greenbaum, S., Thakor A., and Boot, A. (2016), Contemporary Financial Intermediation, Elsevier Press.
• Research papers covered in the lectures.
• Lecture notes
• Freixas, X. and Rochet, J.-C. (2008), Microeconomics of Banking, MIT Press.
• Gorton, G. and Winton, A. (2003), “Financial intermediation”, Handbook of the Economics of Finance, Vol. 1, 431–552.
• Greenbaum, S., Thakor A., and Boot, A. (2016), Contemporary Financial Intermediation, Elsevier Press.
• Research papers covered in the lectures.
Association in the course directory
Last modified: Fr 12.05.2023 00:12
This course commences with a brief theoretical foundation of intermediation theory, and then moves on to introduce students to key themes in financial intermediation such as the role of banks as delegated monitors; banks as liquidity providers; bank-borrower relationships and loan contracting; the industrial organization view of the banking systems and the reasons for regulation. The module places emphasis on the theoretical foundations of the microeconomics of banking and how these theories guide researchers to formulate empirical hypotheses and testing them in the data.
There will be one guest lecture. T
Upon completing this course student should be able to:
• Understand the main functions of financial intermediaries
• Discuss the importance of these functions for the efficient resource allocation in the economy.
Course Content
Session 1: Introduction: Why are financial intermediaries useful?
Liquidity Creation by banks
Session 2: The role of banks in resolving informational frictions (delegated monitoring)
Session 3: Relationship banking: Theory and Empirics
Midterm Exam
Session 4: Introduction to the theory of bank regulation
Session 5: Fintech (by Dr. Roberto Pinto, Lancaster University) + Wrap-up and exam preparation
Session 6: PwC Guest Lecture: The Future of Banking
Final Exam